EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 24 APRIL 2019

• Soyabean trading range for the day is 3681-3761.
  
• Soyabean prices gained on low level buying after prices have been under pressure due to forecast of near normal monsoon forecast by IMD.
• Soybean arrivals for the Oct-Mar period are pegged at 77 lt, up by 23.2% on year by SOPA.
• In the US, soybean inventories have swelled as the U.S.-China trade has hurt shipments of American soy to Chinese buyers.
• At the Indore spot market in top producer MP, soybean gained  12 Rupees to 3834 Rupees per 100 kgs.

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